Education: University of Cambridge, Bachelor of Arts / Science
Columbia University, Master of Business Administration
After 10 years as Minister for Science & Innovation, Lord Sainsbury resigned in November 2006. The former politician owes his wealth to his stake in his family's iconic Sainsbury's grocery business. His fortune, which had been held in a blind trust while he was in government, was just released. The company has lately been the subject of increased takeover speculation from buyout groups as investors and rivals hope Sainsbury may now cash out his remaining holdings. The most recent bid comes from Qatar-backed investment group Delta Two.